Harvard Prof., Ex-IMF Chief Economist Rogoff: 'Loose' Gov't Spending Is 'Holding up Interest Rates'

On Tuesday's broadcast of CNN International's "Quest Means Business," Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff said that while we've had tight monetary policy with extremely high interest rates, "our government spending fiscal policy is very loose," and this loose fiscal policy is "both holding up the economy and holding up interest rates."